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Author Question: A restaurant has not been as profitable as it would like to be. The manager has determined that the ... (Read 116 times)

debasdf

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Question 1

A restaurant has nonfood costs of $485,000 and desires a profit of $130,000. They have forecasted annual sales of 150,000 customers. An item on their menu costs $5.00. What will be the selling price for this item using the contribution margin method of pricing?
◦ $4.10
◦ $9.10
◦ $8.23
◦ $5.86

Question 2

A restaurant has not been as profitable as it would like to be. The manager has determined that the menu is the problem. One choice the manager has to correct this problem is to
◦ put more high cost items on the menu.
◦ lower prices.
◦ make portion sizes larger.
◦ raise prices.


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Marked as best answer by debasdf on Aug 20, 2020

LP

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debasdf

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Reply 2 on: Aug 20, 2020
Thanks for the timely response, appreciate it


jojobee318

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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